XRP tokens XRP – which is the actual cryptocurrency – is a token which is used on the Ripple network to facilitate transfers of money between different currencies. Existing settlement systems generally use US dollars as a common currency for converting between other currencies.
Read moreWhat is XRP backed by?
Ripple is the company that is behind XRP, the cryptocurrency . Bitcoin transaction confirmations may take many minutes with high transaction costs, while XRP transactions are confirmed in seconds with little cost.
Read moreWhat is a stablecoin in crypto?
A stablecoin is a type of cryptocurrency that relies on a more stable asset as a basis for its value . Most commonly, people refer to stablecoins as linked to a fiat currency, such as the U.S. dollar, but they can also have value linked to precious metals or other cryptocurrencies.
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